DaveF1006
Expert Alumni

Retirement tax questions

Try this now. After entering the 1099R the follow-up questions are as follows regarding the RMD.

 

  1. When it asks for the RMD amount required on Dec 31,2024, indicate ‌the full amount.
  2. Next question you will check the entire distribution applied to the December 31,2024 RMD.

I tested this in my Turbo Tax program and the distribution was only taxed once.

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